Resolutions at Nolato’s Annual Meeting
Nolato’s Annual Meeting was held today in Grevie, and was chaired by Carl-Gustaf Sondén.
Below is a summary of the meeting’s main resolutions.
Resolution on dividend:
The Annual Meeting approved a dividend of SEK 2.75 (3.00) per share. 30 April 2009 was set as the dividend record date, so the dividend can be expected to be paid out by Euroclear Sweden on 6 May 2009.
Election of the Board and resolution on fees:
Gun Boström, Roger Johanson, Henrik Jorlén, Erik Paulsson, Hans Porat and Lars-Åke Rydh were re-elected as Board members. Fredrik Arp was elected as a new Board member. Fredrik Arp was elected as Chairman of the Board.
The meeting resolved that, until the next Annual Meeting, the Board of Directors should receive fees totalling SEK 1,030,000 excluding travel allowances (SEK 900,000 for the previous year), to be distributed as follows among the non-employed members elected by the Annual Meeting: Chairman SEK 250,000 (SEK 250,000 for the previous year) and other members SEK 130,000 each (SEK 130,000 for the previous year). The chairman of the newly-established Audit Committee will receive SEK 50,000 and the ordinary member will receive SEK 30,000, and the chairman of the Remuneration Committee will receive SEK 50,000.
Buy-back of the Company’s own shares:
The Annual Meeting authorised the Board, with a maximum duration of until the next Annual Meeting, to acquire and transfer a maximum of 10% of the Company’s own shares, in accordance with the Board’s proposal to the Annual Meeting.
Resolution on the Nomination Committee:
It was resolved that the Company should have a Nomination Committee consisting of one representative for each of the five largest shareholders in terms of number of votes as at the end of September. The names of the five shareholder representatives and the names of the shareholders whom they represent shall be made public as soon as they have been appointed, but no later than six months before the 2010 Annual Meeting.
The Annual Meeting passed resolutions on adopting the income statement and balance sheet for Nolato AB and the consolidated income statement and balance sheet, and on the distribution of earnings, and discharged the members of the Board and the President from liability for the 2008 financial year.
The CEO’s address to the meeting will be available shortly at www.nolato.se